China's injection molding machine market is expected to move towards globalization in 2018

The downstream application industries of injection molding machines include packaging, building materials, automobiles, home appliances, 3C industries, toys and other industries, which basically cover the entire downstream manufacturing industry and are closely related to the overall macroeconomic operation. The downstream applications of injection molding machines account for a relatively large number of industries including automobiles, home appliances, and 3C industries.
As the demand for lightweight vehicles increases, the coverage of automotive plastic products is becoming wider and wider. It is reported that Germany, the United States and France, Japan's cars on the plastic composite materials reached 300-365 kg, 220-249 kg, 126-150 kg, respectively, accounting for 22.5%, 16.5%, 10% of the entire vehicle, while China nearly 90 -100 kg, accounting for less than 8%, the usage is far lower than in developed countries. With the continuous development of the automotive industry, the demand for automotive plastics in the future is still strong. Xiaobian predicts that the total consumption of automotive plastics in China will reach 8.32 million tons in 2020, with a compound growth rate of 37%.
Plastics can be used not only on mobile phones, but also in other consumer electronics products. The demand for plastics in the 3C industry has remained high. In March 2018, fixed assets investment in computer, communications and other electronic equipment manufacturing increased by 15.4% year-on-year.
Update demand becomes the support of steady-state demand in the industry
The service life of general injection molding machines is 5-10 years, but the frequent use of frequent and downstream products increases the precision requirements of injection molding machines and shortens the life of injection molding machines for 3-5 years. 2010-2011 is the peak period of injection molding machine sales. In 2010, it was experiencing explosive growth, with sales increasing by more than 60%. 2016 life is about to reach, as well as downstream manufacturing investment bottoming out, demand for injection molding machines coming update. The update of the injection molding machine is an important support point, making the development of the injection molding machine industry more stable.
Emerging markets rise, the market scale is steadily rising
Benefiting from the country's 4 trillion investment policy, China's injection molding machines have been growing steadily. The compound growth rate of plastic machinery market in 2010-2016 was 4.29%. In 2017, the market size reached 45 billion yuan, a year-on-year increase of 16.5%. It is estimated that China's injection molding machines account for one-third of the global market in 2019. In 2017-2020, China's injection molding machine market has a compound growth rate of 6%. In 2020, the market size reached 53.6 billion yuan.
With the gradual rise of emerging markets, demand for plastics and production in emerging markets is expected to rise. In India, for example, India's per capita plastic consumption is expected to increase from the current 11KG to 30KG in 2020. In 2018, Indian plastics production will double, expected from last year. The 7.5 million has grown to 15 million tons.
Enterprises into the high-end market continues to enhance global competitiveness
While Europe and Japan accounting for the global injection molding machine high-end market, but Chinese enterprises struggling to catch up, a lot of investment in research and development in support of national policy, some excellent enterprises have occupied the global mid-market, and some of our injection molding machine leading enterprises have entered the world, column such as Haitian international, Yizumi and so on. Haitian International, Yizumi injection molding machine continuously enhance their own competitiveness, growing scale, companies net profit is also growing.
In recent years, China's injection molding machines imported layer is now declining trend, 2010--2017 -4.08% compound annual growth rate of the number, while imports amounted compound growth rate of -3.21%. China's injection molding machine exports growth trend from 2010 to 2017, the compound growth rate of export volume is 9.12%, and the compound growth rate of export value is 9.38%. In 2010, China's injection molding machine trade deficit was -1.993 billion yuan, and the trade surplus in 2017 was 2.851 billion yuan. Basically, the situation is rising year by year. Jiuzhi Plastics Network believes that from the deficit to the surplus, China's injection molding machine products have already possessed core competitiveness and have been recognized by foreign customers.
Summary: Consumption continues to increase + downstream consumption upgrade + industry update demand pushes the injection molding machine market to rise steadily, with the increasing competitiveness of China's domestic injection molding machine enterprises + government policy support + continuous innovation and research and development, gradually deploying the global market and constantly Buying in the middle and high-end market, there will be a new leading enterprise of injection molding machines in the future.

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